| Atlético Tetuán beat Tenerife 1-0 (A) on 19 Sep 1954 |
| Tenerife beat Extremadura 3-0 (H) on 26 Sep 1954 |
| Extremadura beat Granada 3-2 (H) on 10 Oct 1954 |
| Granada beat Sabadell 4-1 (H) on 19 Sep 1954 |
| Sabadell beat Terrassa 1-0 (H) on 10 Oct 1954 |
| Terrassa beat San Fernando 3-1 (H) on 3 Oct 1954 |
| San Fernando beat España 4-0 (H) on 10 Oct 1954 |
| España beat Badajoz 5-1 (H) on 19 Sep 1954 |
| Badajoz beat Real Jaén 3-1 (H) on 26 Sep 1954 |
| Real Jaén beat Real Murcia 3-1 (H) on 19 Sep 1954 |
| Real Murcia beat Real Betis 3-1 (A) on 10 Oct 1954 |
| Real Betis beat Xerez CD 3-1 (H) on 12 Sep 1954 |
| Xerez CD beat RB Linense 5-2 (H) on 19 Sep 1954 |
| RB Linense beat Castellón 2-1 (H) on 12 Sep 1954 |
| Castellón beat Levante 1-0 (H) on 3 Oct 1954 |
FLP: Thick arrows show the earliest chain of wins that passes through every team.